Tag Archives: AA News

The trading volume for BRC-20 tokens has surged, rising from $10-15 million to over $500 million since November 2023, according to data from Kaiko. The data indicates a substantial increase in trading activity for tokens minted on the Bitcoin blockchain, with their volumes experiencing a tenfold growth since the close of 2023. BRC-20 Token Trading Volume Surge According to a report on January 15 by the Paris-based blockchain analytics firm, trading volumes for BRC-20 tokens...

The U.S. Securities and Exchange Commission (SEC) has expressed a lack of opposition to postponing the Terraform co-founder Do Kwon’s crypto fraud trial and, instead, is open to waiting until he is extradited. Two court filings were submitted by federal prosecutors, outlining the case against Kwon and Terraform Labs concerning the $40 billion collapse of TerraLuna (LUNC) and TerraUSD (UST) in May 2022. SEC Consents to Delay in Terraform Case The SEC has consented to a “modest...

Prominent crypto exchange Bitfinex has announced a collaboration with Synonym to introduce a new feature that enables customers to purchase Lightning Network connections for instant deposits, withdrawals, and payments. The Lightning Channel feature is offered through Blocktank, a platform operated by Synonym, a subsidiary of Tether Holdings Limited. Bitfinex Teams Up With Synonym According to a press release shared with CryptoPotato, Bitfinex customers utilizing Lightning...

On January 15, TrueUSD (TUSD), the USD-pegged stablecoin, experienced a deviation from its $1 parity that saw its price decline to $0.985. This comes amidst speculations that TrueUSD holders are exchanging hundreds of millions of tokens for the competing stablecoin Tether (USDT). TrueUSD Depeg Sparks Trading Frenzy on Binance Based on data from the exchange’s trading page, TUSD experienced a total inflow of $301.54 million in the past 24 hours, with outflows amounting to...

Digital asset investment products experienced a $1.18 billion increase in inflows last week, according to CoinShares. This figure, however, did not surpass the previous high set in October 2021 when futures-based Bitcoin ETFs garnered a total of $1.5 billion. The latest edition of “Digital Asset Fund Flows Weekly Report” further revealed that the trading volumes for Exchange-Traded Products (ETPs) did break records by reaching $17.5 billion last week, marking the highest...

Michael Saylor revealed an alarming trend involving the proliferation of artificial intelligence (AI) generated deepfake videos featuring him. Saylor disclosed that his team is tirelessly working to remove approximately 80 such fake videos daily, most aimed at promoting various Bitcoin scams. Deepfake Videos Promoting Bitcoin Scams ⚠️ Warning ⚠️ There is no risk-free way to double your #bitcoin, and @MicroStrategy doesn’t give away $BTC to those who scan a barcode. My team...

Bankrupt lending firm Celsius has transferred over $125 million worth of its Ether to crypto exchanges in the past week as part of its initiative to repay creditors. The move follows that of FTX and Alameda Research, which also resumed funds transfer earlier this month. $125 Million ETH Transfer From January 8 to January 12, $95.5 million was moved to Coinbase and $29.7 million to FalconX, as reported by Arkham Intelligence. Despite these transfers, Celsius still possesses...

Maker (MKR) witnessed a noteworthy surge in activity in the first week of the year. The crypto asset climbed to $2,140, a level not seen since April 2022. As a result of the price action, MKR’s monthly gains surged to exceed 50%. This impressive rise seems to be associated with the accumulation of MKR by substantial wallet addresses. MKR’s January Rally: Reduced Exchange Supply Fuels Demand Maker started the year on a bullish note. In fact, recent data from Lookonchain...

Chainlink’s native token – LINK – experienced a noteworthy recovery after a significant downturn, briefly dipping below the crucial $13 support level earlier this month. This decline was attributed to widespread speculation surrounding the potential rejection of the spot Bitcoin ETF by the US Securities and Exchange Commission (SEC). The latest data suggest that LINK is enjoying “mild decoupling” from the altcoin pack as its ratio on crypto exchanges hit a 4-year low....

Asset management giant Vanguard’s decision to block clients’ access to the just-approved spot Bitcoin exchange-traded funds (ETFs) has elicited unpleasant reactions from the crypto community. According to several posts on the social media platform X, community members believe Vanguard’s days are numbered as the asset manager’s clients exit their accounts in droves. Numbered Days Following the U.S. Securities and Exchange Commission’s (SEC) approval of the first wave of spot...